Dr Sione Ngongo Kioa (54) became the new Governor of the National Reserve Bank of Tonga on August 21 for a five-year term which is open for renewal.
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Results for National Reserve Bank of Tonga
Friday 23 August 2013
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Nuku'alofa, Tonga
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Thursday 11 July 2013
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Nuku'alofa, Tonga
The Governor of the National Reserve Bank of Tonga Siosi Mafi left the bank on 5 July after 10 years as Governor.
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Wednesday 10 July 2013
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Nuku'alofa, Tonga
A new commercial bank, the Pacific International Commercial Bank, was awarded a license to operate by the National Reserve Bank of Tonga on July 2, and is expected to open in about six months time as the fifth bank in Tonga.
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Monday 1 July 2013
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Nuku'alofa, Tonga
Although Tonga’s economy continues to be weak, there are some positive indicators, according to a market update on July 1, by the Deputy Governor of Tonga’s National Reserve Bank, Jessie Cocker, who met with senior regional officers of ANZ Bank on June 28.
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Monday 6 May 2013
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Nuku'alofa, Tonga
The National Reserve Bank of Tonga is running out of ideas on how to encourage commercial banks to lend more money at a time when the Tongan economy is very weak, the Reserve Bank Governor Siosi Mafi said on Friday May 3 when she presented the Monetary Policy Statement for the end of February.
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Thursday 18 April 2013
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Nuku'alofa, Tonga
Although Tonga lacks real statistics on the economic cost of domestic violence, the cost of the crime to the country is huge. Awareness is the key, and it is not easy to estimate the cost of family violence unless we all come out and talk about it, Siosi Mafi, the Governor of the National Reserve Bank of Tonga said on April 17.
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Thursday 11 April 2013
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Nuku'alofa, Tonga
Official Foreign Reserves held by the National Reserve Bank of Tonga have decreased for the first time in five months. The official reserve for the month of February was T$258 million. This is $2.3 million less than the reserve of $260 Million for January.
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Wednesday 6 February 2013
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Nuku'alofa, Tonga
Foreign Reserves held by the National Reserve Bank of Tonga rose by $3.6 million, from $253.7 million in November to $257.3 million in December, or 9.3 months of imports.
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Monday 4 February 2013
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Nuku'alofa, Tonga
Tonga's income is continuing to fall, the Governor of the National Reserve Bank of Tonga, Joyce Mafi, told the Tonga Chamber of Commerce and Industries on January 30, in a presentation on the state of Tonga's Economy.
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Thursday 31 May 2012
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Nuku'alofa, Tonga
A continue decline of Tonga's foreign currency earnings has stifled the growth of the Tongan economy, the Governor of the National Reserve Bank of Tonga, Mrs Siosi Mafi said this morning, May 31.
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Thursday 16 February 2012
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Nuku'alofa, Tonga
An Economic Dialogue aimed at growing the Tongan economy in a collective effort, will be held on March 7-8 hosted by the National Reserve Bank of Tonga, and will bring together key people in agriculture, fisheries and tourism sectors, and government, to develop actions and address the challenges of Tonga's current economic downturn.
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Thursday 30 July 2009
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Nuku'alofa, Tonga
The Governor of the National Reserve Bank of Tonga, Mrs Siosi Cocker Mafi, stated that at its meeting on 28 July 2009 the Reserve Bank Board noted that economic activity continued to slow down due to the impact of the global financial crises and contributing to this slow down is the decline in domestic credit growth. Domestic banks are tightening their lending criteria due to high non performing loans.
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Wednesday 13 February 2008
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Nuku'alofa, Tonga
The national Reserve Bank of Tonga is conducting a special project to exchange your dirty, torn and old banknotes into new banknotes. One of the principal purposes of the National Reserve Bank is to issue and maintain good quality currency notes for the Kingdom of Tonga.
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Monday 18 October 2004
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Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank of Tonga in September 2004 was $79 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 28 September 2004
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Nuku'alofa, Tonga
Tonga's official foreign reserves held by the National Reserve Bank for August, stood at $78.4 million, an amount equivalent to 4.8 months of imports of goods.
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Saturday 27 February 1999
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Nuku‘alofa, Tonga
Afu‘alo Matoto has taken over the leadership role of the TDB at a time when the Bank is expected to play a major role in reviving the Tongan economy, by providing capital for the development of the agricultural, fisheries and tourism industries - areas that urgently need development to pull the country out of its current economic recession. But he says Tonga needs to first resolve its leadership crisis: “We need to crystallise our position and to take action.” By Pesi Fonua. Matangi Tonga Magazine Vol. 14, no. 1, January 1999.
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Thursday 1 October 1998
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Nuku‘alofa, Tonga
The value of the Tongan pa‘anga has continued to drop against the currencies of Tonga’s major trading partners during the past eight months.
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Saturday 26 September 1998
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Nuku‘alofa, Tonga
Tonga’s National Reserve Bank wants Tongans to cut down on overseas spending to slow the decline of the foreign reserves, and on September 14 announced new measures to restrain bank lending.
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